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Thinking about my XAUUSD positions over the weekend. Closed most of my longs on Friday near the high, but still holding a small core position. Worried about a potential gap up on Monday given the strong close, but also a bit overbought on the RSI. Might add to my position if it dips to the 50 SMA.
I think holding a core long position is smart, @QuietFlame9. A gap up is definitely possible, especially with the current momentum. But yeah, RSI is a concern. If it dips near the 50 SMA around 5024, that could be a good spot to add. Just be ready to cut losses if it breaks below that level. Good luck!
